Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
A government tax authority directs that interest under section 220(2) will be waived for taxpayers who pay demands arising from rectification orders that disallowed incorrectly granted section 87A rebates on incomes taxed at special rates, provided the demand is paid on or before 31.12.2025; if unpaid by that date, interest will accrue from the date specified in section 220(1) thereafter. The order affirms that incomes chargeable at special rates under Chapter XII are excluded when applying section 115BAC(1A), and implements the waiver under the authority of section 119.
A government tax authority directs that interest under section 220(2) will be waived for taxpayers who pay demands arising from rectification orders that disallowed incorrectly granted section 87A rebates on incomes taxed at special rates, provided the demand is paid on or before 31.12.2025; if unpaid by that date, interest will accrue from the date specified in section 220(1) thereafter. The order affirms that incomes chargeable at special rates under Chapter XII are excluded when applying section 115BAC(1A), and implements the waiver under the authority of section 119.
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